628 W Warmouth StSalemIL62881
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Salem at 628 W Warmouth St, Salem, IL, 62881 uses $41,736 cash to close to unlock $3,923/yr annual cash flow and $327/mo monthly cash flow. Total monthly income runs $1,200/mo, and a $616/mo payment keeps the spread at $327/mo. Purchase price stands at $125,900, and rental yield measures 11.44% with $1,200/mo rent. Return on cash invested shows 29.31% in year one, and 5% annual appreciation builds toward $34,784 over five years. Five-year ROI reaches 154.2% and total cumulative return in cash records $64,356. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,200/mo property income covering a $616/mo payment rather than investor’s personal income.
Single Family
Built in 1945
6,450 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62881, Salem, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,931 (100%) |
| Owner Occupied HU | 3,300 (66.9%) |
| Renter Occupied HU | 1,177 (23.9%) |
| Vacant Housing Units | 454 ( 9.2%) |
| Median Home Value | $119,093 |
| Average Home Value | $157,119 |
Housing Distribution
Address Breakdown
Residential
4,702
Single Family
4,462
Multi-Family
240
Businesses
492
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Listed by: Misael Chacon • Beycome brokerage realty, LLC
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4262210
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.